Reddit Quarterly Income Statement
NYSE: RDDTTechnologyEDP ServicesUSD
At close: Oct 9, 4:03 PM ET · Delayed 15 min
Reddit revenue and earnings
In the quarter ended Jun 30, 2026, Reddit generated $804.9 million in revenue, up 61.1% from the same quarter a year earlier. Net income was $252.8 million (+183.2% year over year), for a net margin of 31.4% versus a median of 27.8% in the prior 5 quarters. Gross margin was 91.3% (up from 90.8%) and operating margin 28.8%.
Diluted earnings per share came in at $1.25, up from $0.45.
Summary generated from market data by MetaCap's automated system. Methodology
Reddit income statement (quarterly)
| Quarter (USD) | Q2 20262026-06-30 | Q1 20262026-03-31 | Q4 20252025-12-31 | Q3 20252025-09-30 | Q2 20252025-06-30 | Q1 20252025-03-31 | Q4 20242024-12-31 | Q3 20242024-09-30 | Q2 20242024-06-30 | Q1 20242024-03-31 | Q4 20232023-12-31 | Q3 20232023-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 804.90M | 663.41M | 725.61M | 584.91M | 499.63M | 392.36M | 427.71M | 348.35M | 281.18M | 242.96M | 249.75M | 207.51M |
| Revenue growth (YoY) | +61.10% | +69.08% | +69.65% | +67.91% | +77.69% | +61.49% | +71.25% | +67.87% | +53.63% | +48.38% | — | — |
| Cost of Revenue | 70.31M | 56.27M | 58.72M | 52.51M | 45.90M | 37.09M | 31.84M | 34.63M | 29.50M | 27.62M | 28.92M | 26.39M |
| Gross Profit | 734.60M | 607.14M | 666.89M | 532.40M | 453.73M | 355.27M | 395.86M | 313.72M | 251.68M | 215.35M | 220.83M | 181.11M |
| Operating Expenses | 502.88M | 424.23M | 435.06M | 393.86M | 386.02M | 351.37M | 342.99M | 306.86M | 282.72M | 804.60M | 217.82M | 200.70M |
| Research & Development | 231.28M | 207.25M | 198.88M | 196.38M | 196.61M | 191.27M | 188.64M | 166.70M | 142.78M | 437.03M | 111.57M | 108.28M |
| Selling, General & Admin | 271.61M | 216.99M | 236.18M | 197.48M | 189.41M | 160.10M | 154.35M | 140.16M | 139.94M | 367.57M | 106.25M | 92.41M |
| Operating Income | 231.72M | 182.91M | 231.83M | 138.54M | 67.71M | 3.90M | 52.87M | 6.85M | -31.04M | -589.25M | 3.02M | -19.59M |
| Other Income (Expense) | 25.12M | 22.82M | 22.99M | 22.04M | 21.15M | 20.53M | 17.11M | 22.97M | 20.72M | 14.55M | 16.46M | 12.65M |
| Pretax Income | 256.83M | 205.73M | 254.82M | 160.58M | 88.86M | 24.44M | 69.99M | 29.82M | -10.31M | -574.70M | 19.48M | -6.94M |
| Income Tax | 3.99M | 1.75M | 3.21M | -2.09M | -439.00K | -1.72M | -1.05M | -31.00K | -216.00K | 365.00K | 942.00K | 445.00K |
| Net Income | 252.85M | 203.98M | 251.60M | 162.66M | 89.30M | 26.16M | 71.04M | 29.85M | -10.10M | -575.07M | 18.53M | -7.38M |
| Net Income growth (YoY) | +183.15% | +679.80% | +254.19% | +444.88% | — | — | +283.27% | — | — | — | — | — |
| EPS (Basic) | 1.31 | 1.07 | 1.35 | 0.87 | 0.48 | 0.14 | 4.74 | 0.18 | -0.06 | -8.19 | 0.34 | -0.13 |
| EPS (Diluted) | 1.25 | 1.01 | 1.24 | 0.80 | 0.45 | 0.13 | 4.76 | 0.16 | -0.06 | -8.19 | 0.34 | -0.13 |
| Shares Outstanding (Basic) | 192.35M | 191.52M | — | 188.04M | 185.44M | 182.02M | — | 169.17M | 164.38M | 70.24M | — | 58.86M |
| Shares Outstanding (Diluted) | 202.03M | 202.52M | — | 202.73M | 199.52M | 201.28M | — | 192.32M | 164.38M | 70.24M | — | 58.86M |
| EBITDA | 235.97M | 187.12M | 235.98M | 142.44M | 71.64M | 7.87M | 57.03M | 10.82M | -27.27M | -585.51M | 6.77M | -16.30M |
| Gross Margin | 91.27% | 91.52% | 91.91% | 91.02% | 90.81% | 90.55% | 92.55% | 90.06% | 89.51% | 88.63% | 88.42% | 87.28% |
| Operating Margin | 28.79% | 27.57% | 31.95% | 23.69% | 13.55% | 99.00% | 12.36% | 1.97% | -11.04% | -242.53% | 121.00% | -9.44% |
| Net Margin | 31.41% | 30.75% | 34.67% | 27.81% | 17.87% | 6.67% | 16.61% | 8.57% | -3.59% | -236.69% | 7.42% | -3.56% |
This table shows 12 quarterly periods of Reddit's income statement, from Q2 2026 back to Q3 2023, across 19 line items including revenue, cost of revenue, gross profit. Values in USD; B = billions, M = millions. Fiscal periods follow RDDT's reporting calendar. What is a income statement?